Nice bullish set-up here on the EUR/NZD currency pair. Our buy signal triggered at (1) as the currency pair surpassed the 10th of September highs (17834.5) completing the first phase of the double bottom pattern which is currently forming inside a multi-month bullish ascending triangle pattern.
Shallow pullbacks from here are to be expected on the lower time frames and providing we don’t break and hold below 17758.7 we should be good for further upside for the week ahead. Sentiment amongst small participants is skewed slightly bullish for the short-medium term.
Shallow pullbacks from here are to be expected on the lower time frames and providing we don’t break and hold below 17758.7 we should be good for further upside for the week ahead. Sentiment amongst small participants is skewed slightly bullish for the short-medium term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.